About the property (MLS: 1271446):
Welcome to this amazing commercial and residential property located in the vibrant community of Gould’s. This unique property offers a mix of commercial and residential space, allowing you to conveniently operate a business and live in the same space. With plenty of parking space, this property is highly accessible for both employees and clients/customers. Previously used as a physiotherapist's office, this space would be ideal for medical practices or any other business that requires lots of space. On top of the commercial area, this property boasts a huge apartment. With ample space, this apartment is perfect for families that need a comfortable and spacious living area above their commercial space. Alternatively, the apartment could function as a separate rental space to generate additional income. The commercial area has a spacious and open layout, providing great flexibility for business operations. The space is also equipped with many of the basic amenities necessary for a medical practice, save for a few adjustments and modifications to make it perfect for your own practice. The apartment, on the other hand, is modern and well-designed with plenty of space and natural light. This residence comes equipped with all the necessary features needed for a comfortable living experience, such as ample storage, a full kitchen, well-sized bedrooms, and a living room that is perfect for lounging with family and friends, watching TV or playing board games. The property is conveniently located near many amenities such as restaurants, shops, parks, and schools, making it an ideal location for a commercial and residential property. This property is a true standout in a prime location, breathing new life into Gould's vibrant community. (id:56688)
Property Details
Listing ID: 26818552
Address: 204-206 Main Road, St. John's, Newfoundland & Labrador, Canada A1S1H8
Status: Active
Last updated: 2 years ago ( May 15, 2024 )
Year Built: 1973
Property Type: Single Family
Structure Type: Two Apartment House
Ownership Type: Freehold
Beds: 3
Baths: 4
1/2 Baths: 2
Heating: Baseboard heaters, Electric
Sewer: Septic tank
Flooring: Mixed Flooring
Fencing: Partially fenced
Living Area Total: 5,357 square feet
Price per sq ft: $63
Tax Annual Amount: $7,073
Garage? No
Attached Garage? No
Carport? No
Open Parking? No
Waterfront? No
Pool? No
Water Source: Shared Well
Foundation Details: Concrete
Heating: Baseboard heaters, Electric
Flooring: Mixed Flooring
Exterior Features: Vinyl siding
Common Interest: Freehold
Number of photos available: 49
Rurl
Coordinates: [47.474891, -52.770111]
Rooms
| Second level | Not known Not known Not known | 10x9 feet 14x8 feet 13x11 feet |
| Lower level | Not known Not known Not known | 16x10 feet 15x9 feet 16x10 feet |
| Main level | Other Other Other Other Other Other Office Kitchen | 9x6 feet 9x6 feet 9x6 feet 12x9 feet 25x25 feet 19x14 feet 15x9.6 feet 15x9.5 feet |
Basic Calculator
First Mortgage: $268,000
Mortgage insurance premium: $0
Total Financing: $268,000
Rough closing fee (1.5%): ~ $5,025
Total downpayment with estimated closing fee: $72,025
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $5,893 | $70,716 |
| Gross rental income (income/principal ratio) | 1.759% | 21.109% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $419 | $5,028 |
| Vacancy | $295 | $3,536 |
| Management Fee | $472 | $5,658 |
| Expense / Income Ratio | 7.11% | 7.11% |
| Cash Flow | $4,708 | $56,496 |
| Net Operating Income (NOI) | $4,708 | $56,496 |
| Capitalization Rate | 1.41% | 16.86% |



















































